Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nice run! BUT u.would be a FOOL.to hold it!
Can NUNCHI (tm) do that? YES! We good imo imo PATTENS! (tteddy)
PATTENS!(tteddy) we good.Coming back real soon! imo imo imo
Anybody.buying.knows.that! BUT.its going.up so BUY! Of course there is nothing there. They hired bitcoin consultants I think the consultants had some relationship to another financier of this type of stock. They have said if they ever do come up with something they will need to raise a lot of money! Good luck with that! So I expect some rosy PR at some point and the Nevada folks will cash out then the stock will deflate. In my opinion!
You just know.its.some.manipulators from Nevada!
Company? There is like 1 person! Anywho BUY BUY BUY!
They hired."bitcoin consultants" WE GONNA B RICH!
Whelp! Not good! I.see.sub-penny,massive dilution then bankruptcy coming!
In my opinion!
IMEXF IMAGIN MEDICAL Last Signal:SELL
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=IMEXF
From 7/17/20
Last Pattern:BEARISH ENGULFING
Last Close:0.0200Change:-0.0043Percent change-17.70%Signal UpdateOur system’s recommendation today is to SELL. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed below the confirmation level which was at 0.0230, and our valid average selling price stands now at 0.0200. The previous BUY signal was issued on 06/22/2020, 24 days ago, when the stock price was 0.0243. Since then IMEXF has fallen by -17.70%.Market OutlookThe market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...This site is protected by Trustwave's Trusted Commerce program
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern DescriptionThis pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...
Could be a momo play! They.gots.blockchain.consultants!!! We good. You know the players behind this stock and I am sure they have a plan to pump it up and make some money! Don't get greedy! In my opinion.
They MUST.be broke=NO LEVERAGE.Bankruptcy.is likely imo
Last.Q.burn.rate was.$600k/month! $900k left.end.of MARCH! It is now July! They are either running on fumes or out of money. If there tech is in any way valuable it will be picked up for cheap in bankruptcy. In my opinion!
As mR. tteddy said."we.gots.the PATTENS" we good imo Maybe there r shares 4 sale on the dark web. IMO IMO
Volume.and.tanking share.price.telle.me DILUTION COMING! In my opinion!
They gotta be broke by now!
Spent 1.8 million in Q2.Had 900K left March 31st
They spent more.last quarter than they have left! I actually could not myself find their earnings PR. Seems like bad news. In my opinion.
Imagin Medical(CSE:IME)Is Very Risky Based On.Its Cash Burn
https://simplywall.st/stocks/ca/healthcare/cse-ime/imagin-medical-shares/news/imagin-medical-cseime-is-very-risky-based-on-its-cash-burn/
We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.
So, the natural question for Imagin Medical (CSE:IME) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its ‘cash runway’.
See our latest analysis for Imagin Medical
How Long Is Imagin Medical’s Cash Runway?
A company’s cash runway is calculated by dividing its cash hoard by its cash burn. When Imagin Medical last reported its balance sheet in March 2020, it had zero debt and cash worth CA$904k. Looking at the last year, the company burnt through CA$5.5m. Therefore, from March 2020 it had roughly 2 months of cash runway. To be frank we are alarmed by how short that cash runway is! You can see how its cash balance has changed over time in the image below.
CNSX:IME Historical Debt June 1st 2020
CNSX:IME Historical Debt June 1st 2020
How Is Imagin Medical’s Cash Burn Changing Over Time?
Because Imagin Medical isn’t currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Over the last year its cash burn actually increased by 45%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company’s true cash runway will therefore be shorter than suggested above, if spending continues to increase. Admittedly, we’re a bit cautious of Imagin Medical due to its lack of significant operating revenues. So we’d generally prefer stocks from this list of stocks that have analysts forecasting growth.
Can Imagin Medical Raise More Cash Easily?
Since its cash burn is moving in the wrong direction, Imagin Medical shareholders may wish to think ahead to when the company may need to raise more cash. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash to drive growth. By looking at a company’s cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year’s cash burn.
Imagin Medical’s cash burn of CA$5.5m is about 77% of its CA$7.1m market capitalisation. That’s very high expenditure relative to the company’s size, suggesting it is an extremely high risk stock.
How Risky Is Imagin Medical’s Cash Burn Situation?
As you can probably tell by now, we’re rather concerned about Imagin Medical’s cash burn. Take, for example, its cash runway, which suggests the company may have difficulty funding itself, in the future. While not as bad as its cash runway, its increasing cash burn is also a concern, and considering everything mentioned above, we’re struggling to find much to be optimistic about. Its cash burn burn situation feels about as relaxing as riding your bicycle home in the rain without so much as a jumper. The need for more cash seems just around the corner, and any dilution is likely to be rather severe. On another note, we conducted an in-depth investigation of the company, and identified 5 warning signs for Imagin Medical (3 are a bit concerning!) that you should be aware of before investing here.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies insiders are buying, and this list of stocks growth stocks (according to analyst forecasts)
Love or hate this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.
I have converted to Klingon for now and mostly communicate that way.
patriot ghaH yuge! bitcoin consultants! maH QaQ (imo)
e.digital Ha' wItI'nISmo' toblu'pa' vaj reH! PATTEN!
PTSC would.have succeeded.but.but...VIRUS!! Maybe they will get a relief loan from the govt! They are that type I believe. Can you imaging tax payer borrowed dollars going to this outfit!! I'll have to check into that.
This stock is still trading? Not for long in my opinion. They will be out of money soon.
edig Dun 'ej HoSghaj wey! PATTEN! (IMHO)
ptsc tIn 'ej HoSghaj wey GIANT bitcoin Damoj pIH jIH! vorcha Do' baH! (loQ humble mon)
"they" keep.playing the volume.2.lure.in SUCKERS! You gotta know the company is now BS and simply a possible buy then quickly sell oppy. Blockchain! WE GOOD! Snicker. These guys have always been completely lacking any specifics or credibility. I assume to avoid any liability. IN my opinion.
Financials:Companies.got.$1 million.to.spend.on blockchain "consultants".Snicker.
PTSC hired.BITCOIN.consultants! WE GONNA.BE RICH!!! Bitcoin=$$$$$$
In my humble opinion.
Stock TANKED! FINISHED! Global crisis its over. SELL! In my opinion not cumming back anytime soon. Sold at bankruptcy seems likely.
My spidey.sense.says.WE GOOD! Lots.a.potential! READ THE.PRs! In my opinion.
Volume today! to manipulate.in.some.suckers! ROFLMAO!
mR.fRed fAlk we.need U back! Fix.up.the share.price! TIA
BLOCKCHAIN! What no suckers? Soon imo.ROFLMAO!
OUCH! MASSIVE dilution.Current shareholders.shares.are. worth less.DONE! This thing is JUNK! Competitors already have FDA approved solutions and STRONG market presence. Imagin has no market presence. In my opinion.
I consider.the.trading.volume.connected.players.trying.to.gin.up interest in the stock. Basically they are trying to lure in suckers. Just make sure you are not the last one out! Any big spike and I would be a seller if I still held. In my opinion!
"sponsors of Streetwise Reports: Imagin Medical." JUNK! ROFLMAO!
Shoulda sold the pop! This stinker is.going.down! FLUSH!
MORE DILUTION! Not good for current shareholders! Their shares are worth less and less with every round of fund raising. Hope y'all sold the pop! These guys are clueless about the med biz. Take the money buy some Micky Ds and lets make these shareholders some money! In my opinion.
ALWAYS sell the pop! This things a stinker. In my opinion!
Recent PRs say we good! Patience my friends! Those EDIG folks R work'N hard 4 U! In my opinion.